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ESSOR – Volet Soutien aux projets d’investissement transformateurs (SPRINT)

Investissement Québec

The Ministère de l'Économie et de l'Innovation, through Investissement Québec, offers a forgivable loan to eligible businesses.

Eligible projects:

  • New investment or payroll expansion projects
  • Minimum investment of $10 million or creation of 100 jobs
  • Manufacturing and tertiary sectors as drivers
  • Average salary of jobs created or consolidated higher than the average
  • Companies as well as cooperatives and NPOs with commercial activities

Particularities of the available aid:

  • Value of fixed assets or increase in payroll over three years
  • Assistance offered according to the jobs created and/or consolidated and the tax revenues resulting from the project; Interest-free loan of up to 25% of eligible expenses
  • Moratorium on principal during project completion
  • Forgiveness determined on the basis of the number of jobs created and/or consolidated
  • Assistance adjusted to take into account payroll tax credits
  • Forgiveness possible starting in the 5th year

Companies must invest a minimum of $300,000 per job to be considered consolidated by the project.

Deadline to file a complete application: March 31, 2022.

To obtain information or make an application, contact an Investissement Québec expert at 1 844 474-6367.

Conditions apply.

Learn more (in French only) >
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